Infosys Stock Update: Share Price Plummets Over 4% on FY27 Guidance Cut
Infosys (INFY) share price falls over 4% to ₹1,109.95 today after the IT major cut its FY27 revenue growth guidance, leading to analyst downgrades and concerns over demand.
Infosys (NSE: INFY) is witnessing a sharp decline in early trade today, with its stock currently trading at ₹1,109.95. This marks a significant drop of 4.56% from its previous close of ₹1,163.00. The IT bellwether opened lower at ₹1,130.00 and has since traded in a range between an intraday high of ₹1,133.80 and a low of ₹1,106.90. The substantial price movement is accompanied by a surging volume of 2,792,199 shares, indicating strong selling pressure. Reliance Industries Stock Update: Share Price Slips 0.57% on Jio Listing Day.
| INFY – Stock Updates as of (9:37AM, 28 Oct 2026) | |||
|
LTP
₹1,109.95 |
Open
₹1,130.00 |
High
₹1,133.80 |
Low
₹1,106.90 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
2,792,199 |
% Chg
-4.56% |
52-Week Context
While specific 52-week high and low data for INFY was not immediately available, today's sharp downturn places the stock significantly below recent trading levels. Infosys shares have already seen a considerable decline of approximately 28% this year, reflecting broader concerns surrounding the traditional IT services sector and the impact of AI disruption. The current price point indicates that the stock is testing critical support levels, reinforcing the bearish sentiment prevalent in the market.
Latest Developments
The primary catalyst driving today's steep decline appears to be the company's recent second-quarter (Q2 FY27) earnings announcement and, more significantly, its revised revenue growth guidance for the full fiscal year 2027. Infosys reported Q2 results that largely missed analyst estimates, with a modest 6% year-on-year growth in consolidated net profit at ₹7,823 crore and revenue from operations rising 11% year-on-year to ₹49,244 crore. Earnings per share came in at $0.20, falling short of the consensus estimate of $0.21.
Crucially, the IT giant has trimmed its revenue growth guidance for FY27 to 1-2% in constant currency, down from the earlier projection of 1.5-3%. This marks the second consecutive quarter Infosys has lowered its annual outlook, citing a challenging demand environment, sluggish client spending, subdued volume growth, and intensifying pricing pressure, partly driven by AI-related disruptions.
This downward revision has triggered a wave of analyst downgrades and reduced target prices. Several brokerages, including Axis Capital, Arihant Capital Markets, IIFL Capital Services, Goldman Sachs, Citi, and Morgan Stanley, have expressed concerns over continued weakness in revenue visibility, a lack of clear near-term catalysts for growth, and the ongoing impact of AI on pricing and competition. While Infosys did report strong large deal wins totaling $5.2 billion in Q2, with 62% being net new, and a 29% sequential increase in AI revenue which now constitutes 10.5% of its total revenue, these positives are currently overshadowed by the conservative outlook. The broader Indian IT sector is also facing headwinds, with many firms grappling with reduced client spending amidst global macroeconomic uncertainties and increasing competition.
Outlook
Investors will closely monitor how the stock reacts to these revised growth expectations and any further commentary from analysts. The trajectory for the remainder of the session will likely depend on broader market sentiment towards the IT sector and whether buying interest emerges at these lower levels.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Oct 28, 2026 09:38 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
